Stocks End Mixed on Interest Rate Worries

0



– National

Interest rate concerns stifled Wall Street’s attempt to extend its rally Tuesday, even as the market drew support from upbeat reports on factory orders, housing demand and consumer confidence.


The Dow Jones Industrial Average fell 2.56, or 0.02 percent, to 10,888.16. The S & P; 500 edged up 0.02 at 1,257.48. The Nasdaq slipped 6.66, or 0.3 percent, to 2,232.71.


*

Read the full Associated Press story

.



– Local


Local movers were led by Reliance Steel & Aluminum Co., which gained 2.9 percent to $64.47, and DaVita Inc., which rose 3.1 percent to $53.59. On the down side, Reinhold Industries Inc. lost 12.4 percent to $21.35 and shares of Herbalife Ltd. fell 2.8 percent to $29.


Shares of K-Swiss Inc. jumped 3.4 percent to $32.09 after the Westlake Village-based footwear company’s stock was rated “neutral” in new coverage by analyst Angelique Dab at Nollenberger Capital.


WPT Enterprises Inc. rose 2.7 percent to $6.93 after the L.A.-based creator of the World Poker Tour television series said the Nevada Gaming Commission approved its “World Poker Tour All-In Hold ‘Em” table game for use in all casinos within the state of Nevada. Seven other U.S. casinos will offer the tables as well.


Shares of Countrywide Financial Corp. slumped 2.9 percent to $35.25 after the Calabasas-based mortgage banking provider’s stock was downgraded to “equal-weight/attractive” from “overweight/attractive” by analyst Kenneth Posner at Morgan Stanley.


Activision Inc. fell 2.8 percent to $13.81 after announcing it extended its exclusive worldwide rights to publish video games based on Spider-Man movie sequels or potential television series through 2017. Activision has already published games based on the two previous Spider-Man movies.

No posts to display